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PropertyFox - Parramatta / North Sydney / Sydney

40 Waverley Street Bondi Junction, NSW 2022

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40 Waverley Street,
Bondi Junction, NSW 2022

Development Sites & Land • Hotel, Motel & Leisure

Key property information

Land area

Floor area

Zoning

Tenure type

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PropertyFox - Parramatta / North Sydney / Sydney
Ben Evans
Tim Fox

PropertyFox - Parramatta / North Sydney / Sydney

Suite 8.03, Level 8, 14 Martin Place
SYDNEY, NSW 2000
PropertyFox - Parramatta / North Sydney / Sydney
40 Waverley Street
Bondi Junction, NSW 2022

Map of 40 Waverley Street

Directions

SOLD - DA APPROVED, SHOVEL READY SITE IN THE EASTERN SUBURBS

PropertyFox is delighted to present to the market 40 Waverly Street, Bondi Junction, a prestigious development site for sale.

This premium development site opportunity has a DA for 8 luxurious one per floor apartments in one of Sydney’s most sought-after suburbs. The majority of the Construction Certificate (CC) work is done and is ready for an incoming purchaser to add the finishing touches before starting construction. Either start construction or apply for the 30% uplift for affordable increasing the height, views and sales rates of the upper floors.

The property sits on a 427sqm* block towards the top of the hill allowing for spectacular views from the upper levels. Approved for 846sqm of NSA over 8 whole floor apartments offering a sense of exclusivity and privacy; 7 x three-bedroom, 1 x two-bedroom apartments, underground parking and rooftop terrace.


KEY HIGHLIGHTS:

- Site Area: 427 sqm
- Approved NSA: 855 sqm
- Efficient design with almost 100% of GFA converting to NSA, reducing GFA rate per sqm build costs
- DA Approval: DA-325/2021/A
- DA for eight-storey residential development,
- Generous makeup of 7 x three bed and 1 x two bed apartments
- Exceptional location close to beaches, shopping centres and major transport networks
- Ocean views from upper levels and communal rooftop terrace
- Eligible for a 30% uplift under affordable housing STCA^


Unrivalled Location & Lifestyle Appeal
Conveniently located just 150m* to Bondi Junction Centre, surrounding the property are an array of world class beaches, top end dining options, prestigious schools, park and open green spaces, and countless retail shops. High end finishes, large windows allowing an abundance of natural light and eastern sea breezes, a spacious communal rooftop terrace with picnic tables, fire pit and BBQ area, this is Sydney’s lifestyle orientated persons paradise.

One of the last remaining undeveloped blocks in the heart of Bondi Junction, 40 Waverley Street is an exceptional opportunity to acquire a development site in Sydney’s renowned Eastern Suburbs. Currently a 6-bedroom house zoned R4 with a strong holding income, either develop now or apply for the 30% affordable housing uplift whilst maintaining a steady income.

Contact the exclusive selling agents for more information.

^ Subject to Council Approval

Bondi Junction, 2022 demographic data

The median household income for Bondi Junction is $2,379, 15% higher than Greater Sydney's household income of $2,077. Bondi Junction has a younger age profile compared to the rest of Greater Sydney (median age 35 vs 37). Property ownership data shows 42% of property owners in Bondi Junction have a mortgage.

10,361
Population
$2,379 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households

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